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Earnings/(loss) per Share
6 Months Ended
Jun. 30, 2025
Earnings/(loss) per Share [Abstract]  
Earnings/(loss) per Share
12.
 
Earnings/(loss) per Share
All common
 
shares issued
 
(including the
 
restricted shares
 
issued under
 
the Company’s
 
incentive plans)
are
 
the
 
Company’s
 
common
 
stock
 
and
 
have
 
equal
 
rights
 
to
 
vote
 
and
 
participate
 
in
 
dividends.
 
The
calculation of basic earnings per share does not treat the non-vested shares (not considered participating
securities)
 
as
 
outstanding
 
until
 
the
 
time/service-based
 
vesting
 
restriction
 
has
 
lapsed.
The
 
dilutive effect
on
 
unexercised
 
warrants
 
that
 
are
 
in-the-money,
 
is
 
computed
 
using
 
the
 
treasury
 
stock
 
method
 
which
assumes that the proceeds upon exercise of these warrants are
 
used to purchase common shares at the
average market price for the period. Incremental shares are the number of shares assumed issued under
the treasury
 
stock method
 
weighted for
 
the periods
 
the non-vested
 
shares were
 
outstanding. During
 
the
six
 
months
 
ended
 
June
 
30,
 
2025
 
and
 
2024,
 
there
 
were
no
 
incremental
 
shares
 
included
 
in
 
the
denominator
 
of
 
the
 
diluted
 
earnings
 
per
 
share
 
calculation.
 
Securities
 
that
 
could
 
potentially
 
dilute
 
basic
earnings per share in
 
the future but were
 
not included in the
 
computation of diluted earnings per share—
because
 
their
 
inclusion
 
would
 
have
 
been
 
anti-dilutive—consist
 
of
 
any
 
incremental
 
shares
 
from
unexercised warrants that were out
 
of the money during the
 
reporting period and any incremental shares
resulting from the non-vested restricted share awards.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the six months ended June 30,
2025
2024
Net income/(loss)
$
7,539
$
(706)
Dividends on series B preferred shares
(2,884)
(2,884)
Net income/(loss) attributable to common stockholders
$
4,655
$
(3,590)
Weighted average number of common shares, basic
 
and diluted
110,095,604
112,818,414
Earnings/(loss) per share, basic and diluted
$
0.04
$
(0.03)